Center for Accounting Transformation, Author at CPA Trendlines

Facing Busy Season ’23: 99% of Accountants Suffer Burnout

Webinar set to help yourself and your team.

By CPA Trendlines
via The Center for Transformation

Finding qualified talent has long plagued the accounting profession. However, with COVID-19 and remote work, the past three years have ushered in a new age of attrition and burnout.

The Value of Personal Resilience: What Accountants Need to Know

Tuesday, Jan. 17, 2023, 12 pm ET.

Cost: $10 for CPE/Free for no CPE

Click here to register or learn more

A July 2022 article in Accountancy Age explored a survey that showed 99% of accountants suffer from burnout, with 24% reporting medium-high to high levels of burnout. Further, that burnout is generally listed as why many CPAs leave public accounting.

The survey, conducted by FloQast, a provider of accounting workflow automation software, and the University of Georgia, used the Maslach Burnout Inventory (MBI)—the leading measure of burnout and validated by more than 35 years of research—in an accounting setting for the first time. Using a 100-point scale, the survey covered three major areas of burnout: Emotional Exhaustion (EE), Depersonalization (DP), and low sense of Personal Accomplishment (PA).

FEATURED

One-Third of Cyber Attacks Involve Small Businesses

Costs nearly double to $7 billion since COVID-19.

By The Center for Accounting Transformation

According to data from the Federal Bureau of Investigation, the total cost of cybercrime from 2019 to 2021, skyrocketed from $3.5 billion to $6.9 billion, essentially doubling since COVID-19.

That includes international businesses.

Mitchell Scherr, CEO, Assured Cyber Protection, mentioned to TechRadar.com that “March saw a staggering 400% global increase in cyberattacks.” Additionally, an August 2020 report from INTERPOL stated “in one four-month period (January to April), some 907,000 spam messages, 737 incidents related to malware and 48,000 malicious URLS – all related to COVID-19- were detected by one of INTERPOL’s private sector partners.” Parachute, an IT company, estimates cybercrime cost the global economy about $1 trillion last year.

FEATURED

New Study: Embracing Diversity in Accounting

Organizations incorporating DEI into their culture see numerous benefits, but many don’t know where or how to start.

From the Center for Accounting Transformation

In an effort to better understand the needs and potential solutions for diversity, equity and inclusion (DEI) efforts, the Center for Accounting Transformation is conducting research into the DEI journeys of accounting professionals worldwide.

Join the 10-minute survey here.

Accounting professionals are urged to take the survey and be on the lookout for results this summer.

Center for Accounting Transformation

MORE AT STORE.CPATRENDLINES.COM

The Center for Accounting Transformation offers tax, accounting, audit, and finance professionals with a framework for:

leveraging innovations that are ready for adoption,
the training and resources necessary to apply the innovations, and
an opportunity to engage the talent and community needed in further pursuit of innovative accounting practices
that drive responsible and mindful business performance.

C4T, at improvetheworld.net, was founded by Donny Shimamoto, now the organization's Inspiration Architect.

The Center:

Provides actionable tools, know-how, and a safe space for the cultivation of new ideas.
Seeks to inspire innovation in the profession as a force for meaningful transformation.
Creates a community that supports all subscribers on a path toward a better future. And,
Changes the face of the profession.

The Center is not here to convince people to change, but rather to empower those who seek an alternative to the status quo. As such, they offer subscribers an opportunity to enable transformation to help them understand organizational scalability through effective leadership. This includes resources and services that extend beyond “just CPE,” and pathways to certification in a variety of areas in the accounting profession.

Here’s what you’re looking for: Center for Accounting Transformation